New Development Strategies of China's Foreign Economic and Trade Relations: Taking Sino-Irish Economic and Trade Relations as an Example

Abstract

Under the current severe and complex international situation, China is facing new challenges in foreign economic and trade relations. Starting from the perspective of transaction costs in international relations, this paper analyzes China, Ireland and their respective agreement organizations and supply chain zones under the framework of global value chain, and explores the necessity and feasibility of developing new economic and trade relations under the background of great power games. Taking Ireland as an example, it puts forward strategies such as playing the third country effect, developing third-party market cooperation, taking advantage of the tax policy of the member countries of relevant international organizations, and strengthening bilateral agricultural cooperation.